Lagos Tax Filing Deadline, Aviation Crisis, and Policy Shifts: Key Nigeria Business Updates This Week
Nigeria’s business landscape is set for a pivotal week as several major developments unfold between April 20 and April 24.…
Day: April 20, 2026
Top 10 African Countries with the Cheapest Diesel Prices in April 2026: Niger Leads Low Fuel Cost Rankings
Across Africa, diesel prices in April 2026 reveal a sharp divide between countries able to keep fuel affordable and those…
Nigeria Exports 55.39 Million Barrels of Crude as Dangote Refinery Faces Severe Domestic Supply Shortage
Nigeria exported a total of 55.39 million barrels of crude oil in the first two months of 2026, even as…
FG Borrows N100bn from Unclaimed Funds Trust Account as Domestic Debt Hits N80.49tn
Nigeria’s Federal Government has raised N100 billion from the Unclaimed Funds Trust Account, a pool of dormant private funds now…
Nigeria tax reform shifts burden to consumption as FG cuts import duties, raises excise taxes
Nigeria is undergoing a major shift in its fiscal strategy as the Federal Government moves away from heavy reliance on…
Nigeria Inflation Set to Rise After March Spike as Oil Shocks and Supply Pressures Bite
Nigeria’s inflation is expected to keep rising in the coming months following a sharp increase recorded in March 2026, as…
Stocks surge to N140trn as global investors pile back into Nigeria
The Nigerian stock market has surged to a historic valuation of about N140 trillion, driven by renewed interest from global…
Nigerian Stock Market Hits Record High as NGX Surges 6.57% on Banking and Oil Stocks Rally
The Nigerian equities market delivered its strongest weekly performance of 2026 in the week ended April 17, as the Nigerian…
Cyberattacks Threaten Nigeria’s Digital Economy as Experts Warn of Systemic Data Security Risks
Nigeria’s fast-growing digital economy is facing increasing threats as cybersecurity experts warn of a surge in sophisticated cyberattacks targeting financial…
Anthropic CEO Warns AI Could Replace Most Entry-Level Jobs Within 5 Years
Anthropic CEO Dario Amodei has issued a stark warning that artificial intelligence could replace a significant number of entry-level white-collar…
OpenAI Existential Challenges: Acquisitions, Image Concerns, and Anthropic Competition Intensify
OpenAI is facing growing scrutiny as it expands through small but strategic acquisitions while navigating rising competition and public perception…
IMF Endorses CBN Recapitalisation as Nigeria’s Banking Buffers Strengthen Financial Stability
The International Monetary Fund (IMF) has backed Nigeria’s recent bank recapitalisation exercise, praising the Central Bank of Nigeria (CBN) for…
Nigeria’s Terms of Trade Rise Marginally by 0.01% in Q4 2025 as Exports Edge Up
Nigeria recorded a marginal improvement in its all-commodity terms of trade (ToT), which rose by 0.01 per cent in the…
Oil and Gas Stocks Surge 17.6% as Nigerian Market Adds N8.7 Trillion in Weekly Capitalisation Gain
The Nigerian equities market recorded a strong week of trading as the oil and gas sector emerged as the biggest…
FG Refutes Claims of Hidden Spending, Says World Bank Report Misinterpreted
The Federal Government has pushed back against claims suggesting there is “hidden spending” within Nigeria’s federation revenues, following interpretations of…
Naira Strengthens to N1,348 Per Dollar Amid US–Iran Tensions and FX Market Pressure
The Nigerian naira continued its steady recovery on Monday, strengthening to N1,348 per US dollar in the official market amid…
Lagos Unveils Cybersecurity Guidelines as Nigeria Loses $500 Million Annually to Cybercrime
The Lagos State Government has introduced a new set of cybersecurity guidelines aimed at strengthening digital safety across businesses, public…
CBN Says Economic Reforms Shield Nigeria From Severe Global Shock Impact
The Central Bank of Nigeria (CBN) has stated that its recent economic reforms have played a key role in shielding…
Petrol Price Drop in Nigeria Uncertain as Strait of Hormuz Crisis Deepens
Hopes for a significant petrol price drop in Nigeria have faded following renewed tensions in the Strait of Hormuz, a…
NGX Activates Rights Trading for Insurance Firms to Boost Capital Base
The Nigerian Exchange (NGX) has activated trading codes for the rights issues of Guinea Insurance Plc, Lasaco Assurance Plc, and…
European Markets Slide as Gulf Tensions Threaten Ceasefire Stability
European markets began the week on a cautious note, slipping into negative territory as renewed tensions in the Gulf region…
NGX Weekly Report: N195bn Shares Traded as Market Capitalisation Hits N139trn
Nigeria’s stock market recorded a strong week of activity as the Nigerian Exchange Limited (NGX) announced that traders exchanged shares…